When you are solving for the interest rate, if you keep PV and FV constant, but extend

Question:

When you are solving for the interest rate, if you keep PV and FV constant, but extend the time period, will the interest rate be higher or lower?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals Of Corporate Finance

ISBN: 9781292437156

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

Question Posted: